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Which statement best explains National Pension System?

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Question ID #26384 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Social Security in India & EPFO Sectional Test 2026 Medium

Which statement best explains National Pension System?

Correct Answer: C. Defined-contribution retirement savings system regulated under the pension framework
National Pension System: Defined-contribution retirement savings system regulated under the pension framework

Question: Which statement best explains National Pension System?

A. Benefit payable to eligible dependants after death of a covered person

B. Service period considered for pension entitlement under the pension scheme

C. Defined-contribution retirement savings system regulated under the pension framework

D. Know Your Customer verification used for identity and account-related compliance

Correct Answer: C. Defined-contribution retirement savings system regulated under the pension frameworkNational Pension System: Defined-contribution retirement savings system regulated under the pension framework

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Which statement best explains National Pension System? - MCQ Explanation

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Correct answer: C. Defined-contribution retirement savings system regulated under the pension framework